Staying Informed

AccessFayetteville provides numerous ways to stay informed about your local government.

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Question

When do I need a bid bond or 100% performance and payment bond?

Answer

A bid bond is required to be submitted with construction bids totaling $20,000 or more.  A 100% performance and payment bond is required whenever a vendor is awarded a construction contract totaling $20,000 or more.  Equipment or service contracts exceeding $20,000 may in some instances also require a performance and payment bond.